White House's Lael Brainard Says Housing Is Continuing To Be Sticky
Portfolio Pulse from Benzinga Newsdesk
Lael Brainard from the White House mentioned in a CNBC interview that the housing market continues to be sticky, indicating persistent challenges in the sector.
September 11, 2024 | 2:14 pm
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NEUTRAL IMPACT
The mention of a 'sticky' housing market by Lael Brainard could impact SPY, as housing is a significant component of the US economy, potentially affecting broader market indices.
SPY, as an ETF that tracks the S&P 500, could be influenced by economic indicators such as the housing market. Brainard's comments suggest ongoing challenges, which may affect investor sentiment. However, the direct impact on SPY is uncertain without more specific economic data.
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